Economy

  Eight companies listed on the Nigerian Exchange (NGX) have announced dividend qualification dates in August 2026, providing investors with opportunities to qualify for interim and final dividend payments across multiple sectors of the market. The companies span telecommunications, energy, agriculture, insurance, hospitality, investment holding, environmental services and publishing, reflecting broad shareholder returns across the […]

  NNPC Limited recorded a profit after tax (PAT) of ₦2.28 trillion in the first half of 2026, representing a 35.4% year-on-year decline from the ₦3.53 trillion posted during the same period in 2025. According to an analysis of the company’s monthly financial performance data, the decline reflects a weaker earnings profile compared with last

First HoldCo Plc has crossed a major milestone, with its market capitalisation exceeding ₦6 trillion, while Chairman Femi Otedola has become the company’s largest shareholder, holding a 25.8% equity stake. The development marks another significant chapter in what has become one of Nigeria’s most closely watched corporate transformation stories. In a rare and exclusive interview,

  Virtual Asset Service Providers (VASPs), including cryptocurrency exchanges and peer-to-peer (P2P) marketplace operators, could face penalties of up to ₦10 million for failing to comply with Nigeria’s new tax obligations under the Nigeria Revenue Service (NRS) Guidelines on the Taxation of Virtual Assets. The guidelines, released on Monday, provide the implementation framework for taxing

The Nigeria Revenue Service (NRS) has directed Virtual Asset Service Providers (VASPs) and peer-to-peer (P2P) escrow operators to make a valid Tax Identification Number (Tax ID) a mandatory requirement for account activation, significantly tightening tax compliance across Nigeria’s cryptocurrency ecosystem. The requirement is contained in the Guidelines on the Taxation of Virtual Assets, released on

  Medium and large companies in Nigeria that generate profits from cryptocurrency and other virtual asset transactions will now be subject to a 30% Corporate Income Tax (CIT) on those gains under new guidelines issued by the Nigeria Revenue Service (NRS). The Guidelines on the Taxation of Virtual Assets, released on Monday through a public

  Quidax, the first digital assets exchange to receive a provisional licence from Nigeria’s Securities and Exchange Commission (SEC), has expanded its stablecoin infrastructure to support transactions across 21 countries and 14 currencies, strengthening its cross-border payment capabilities for startups, fintechs and global enterprises. The company said the expansion is aimed at simplifying the movement

  Nigeria has set itself an ambitious economic target. President Bola Ahmed Tinubu has outlined a vision of building a $1 trillion economy. For investors, businesses and policymakers, this is more than a political aspiration. It is a statement about the future size, competitiveness and investment potential of Africa’s largest economy. Understanding where Nigeria stands